Many home buyers go to the sales office of the real estate developer to sign a "Commercial Housing Sales Contract" with a real estate consultant, pay the down payment, and the contract is signed and filed online. Legally speaking, the house is actually in the name of the home buyer. Many home buyers will ask their real estate consultants, when can the real estate certificate (real estate title certificate) of the house they buy be obtained? Often real estate consultants will tell home buyers that it usually takes two years to get the real estate certificate (real estate certificate). This mainly refers to buying a house off-plan, not an existing house. It does not take that long to get the real estate certificate for an existing house, and it will be issued very quickly. So why does it usually take two years to get the real estate certificate (real estate certificate) when buying an off-plan property? The main reasons are as follows:
First, because the development cycle of the off-plan property starts from the time when the buyer purchases the house to the time when the house is purchased (for example, if the property is part of the first phase of development by the developer, the general unwritten rule of the property is to complete the development task within two years), after comprehensive completion acceptance, after the first phase of the property is delivered for use, the real estate developer organizes the home buyer to prepare relevant certification materials and submit the certification materials to the housing authority and the real estate management department. Only then can the government accept the real estate developer to apply for a real estate certificate (real estate certificate).
Second, another main reason is that for many projects under construction (such as several buildings belonging to the first phase), some real estate developers, due to their weak financial strength, will apply for mortgage loans for projects under construction from banks, and the funds will be used for the use of the first phase of the property or the development of the second phase of the property. Since the houses involved in the first phase (the buyer's house is also included) may be mortgaged by the real estate developer for the construction in progress, the real estate developer must release the mortgage before applying for the real estate certificate (real estate certificate) to the house buyer, otherwise the split real estate certificate (real estate certificate) will not be issued.
Third, the competent government departments have strict operating procedures for real estate developers to apply for real estate certificates (real estate certificates) for individual households. They must comply with national architectural design and construction specifications and construction quality requirements, comply with comprehensive completion acceptance, house delivery and use procedures, and verify that the property rights of the houses are clear before they can apply for real estate certificates (real estate certificates) for individual households.
